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The price of Concentrix Corp (NASDAQ: CNXC) closed at $43.05 in the last session, up 0.12% from day before closing price of $43.00. In other words, the price has increased by $0.12 from its previous closing price. On the day, 0.57 million shares were traded. CNXC stock price reached its highest trading level at $44.205 during the session, while it also had its lowest trading level at $42.735.
Ratios:
We take a closer look at CNXC’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.32 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.57. For the most recent quarter (mrq), Quick Ratio is recorded 1.57 and its Current Ratio is at 1.57. In the meantime, Its Debt-to-Equity ratio is 1.39 whereas as Long-Term Debt/Eq ratio is at 1.33.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Robert W. Baird on October 03, 2024, initiated with a Outperform rating and assigned the stock a target price of $70.
On August 28, 2024, BofA Securities Upgraded its rating to Neutral which previously was Underperform and also upped its target price recommendation from $65 to $85.
BofA Securities Downgraded its Neutral to Underperform on March 27, 2024, whereas the target price for the stock was revised from $85 to $60.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Oct 29 ’24 when Twomey Cormac J sold 500 shares for $44.18 per share. The transaction valued at 22,090 led to the insider holds 24,936 shares of the business.
CORMAC TWOMEY bought 500 shares of CNXC for $22,090 on Oct 29 ’24. On Oct 04 ’24, another insider, Caldwell Christopher A, who serves as the President and CEO of the company, sold 9,823 shares for $52.70 each. As a result, the insider received 517,708 and left with 241,841 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CNXC now has a Market Capitalization of 2790445056 and an Enterprise Value of 8348514304. As of this moment, Concentrix’s Price-to-Earnings (P/E) ratio for their current fiscal year is 13.94, and their Forward P/E ratio for the next fiscal year is 3.50. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.95. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.30 while its Price-to-Book (P/B) ratio in mrq is 0.66. Its current Enterprise Value per Revenue stands at 0.888 whereas that against EBITDA is 5.741.
Stock Price History:
Over the past 52 weeks, CNXC has reached a high of $106.10, while it has fallen to a 52-week low of $41.05. The 50-Day Moving Average of the stock is -22.29%, while the 200-Day Moving Average is calculated to be -32.59%.
Shares Statistics:
According to the various share statistics, CNXC traded on average about 694.16K shares per day over the past 3-months and 601520 shares per day over the past 10 days. A total of 65.73M shares are outstanding, with a floating share count of 46.16M. Insiders hold about 28.79% of the company’s shares, while institutions hold 68.27% stake in the company. Shares short for CNXC as of 1728950400 were 5748028 with a Short Ratio of 8.28, compared to 1726185600 on 3195635. Therefore, it implies a Short% of Shares Outstanding of 5748028 and a Short% of Float of 12.29.
Dividends & Splits
The forward annual dividend rate for CNXC is 1.24, which was 1.21 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.028139535
